Dollar ticks up in Asia after several days of losses

 

TOKYO: The dollar ticked up against the yen and euro on Friday after days of losses linked to weak US data that have weighed on hopes for an imminent Federal Reserve rate hike.

In Tokyo, the greenback rose to 119.53 yen from 119.19 yen in New York, while the euro weakened to $1.1387 from $1.1414.

The common currency also slipped to 136.08 yen from 136.16 yen in US trade, but it was supported by bright eurozone economic growth data.

On Thursday, US producer price index fell 0.4 percent last month more than wiped out March's first increase since October and fell well short of forecasts for a 0.2 percent rise. That came a day after news that retail sales saw their weakest year-on-year growth since 2009.